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Revenue (Tables)
 9 Months Ended
Sep. 30, 2021
Revenue From Contract With Customer [Abstract]  
Disaggregation of Revenue

Net product revenues by product for the three and nine months ended September 30, 2021 and 2020 were as follows (in thousands):

 

 

 

Three Months Ended

September 30,

 

 

Nine Months Ended

September 30,

 

 

 

2021

 

 

2020

 

 

2021

 

 

2020

 

YUTIQ (A)

 

$

3,928

 

 

$

3,466

 

 

$

11,124

 

 

$

9,920

 

DEXYCU (B)

 

 

4,659

 

 

 

2,292

 

 

 

13,003

 

 

 

4,231

 

Total product sales, net

 

$

8,587

 

 

$

5,758

 

 

$

24,127

 

 

$

14,151

 

 

 

(A)

Included approximately $0 and $19 of revenue recognized from YUTIQ product sales to Ocumension under a supply agreement for the three and nine months ended September 30, 2021, respectively. Included approximately $11 and $21 of revenue recognized from YUTIQ product sales to Ocumension for the three and nine months ended September 30, 2020.

 

 

(B)

Included approximately $32 of revenue recognized from DEXYCU product sales to Ocumension under a supply agreement for the three and nine months ended September 30, 2021, and no revenue was recognized from DEXYCU product sales to Ocumension for the three and nine months ended September 30, 2020.
Product Revenue Allowances and Reserves

The following table summarizes activity in each of the product revenue allowance and reserve categories for the nine months ended September 30, 2021 and 2020, respectively (in thousands):

 

 

 

Chargebacks,

Discounts

 

 

Government

and Other

 

 

 

 

 

 

 

 

 

 

 

and Fees

 

 

Rebates

 

 

Returns

 

 

Total

 

Beginning balance at January 1, 2021

 

$

574

 

 

$

535

 

 

$

603

 

 

$

1,712

 

Provision related to sales in the current year

 

 

4,990

 

 

 

3,686

 

 

 

706

 

 

 

9,382

 

Adjustments related to prior period sales

 

 

(50

)

 

 

(22

)

 

 

(200

)

 

 

(272

)

Deductions applied and payments made

 

 

(4,631

)

 

 

(2,404

)

 

 

(704

)

 

 

(7,739

)

Ending balance at September 30, 2021

 

$

883

 

 

$

1,795

 

 

$

405

 

 

$

3,083

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Chargebacks,

Discounts

 

 

Government

and Other

 

 

 

 

 

 

 

 

 

 

 

and Fees

 

 

Rebates

 

 

Returns

 

 

Total

 

Beginning balance at January 1, 2020

 

$

1,618

 

 

$

271

 

 

$

352

 

 

$

2,241

 

Provision related to sales in the current year

 

 

1,464

 

 

 

479

 

 

 

690

 

 

 

2,633

 

Adjustments related to prior period sales

 

 

(387

)

 

 

—

 

 

 

50

 

 

 

(337

)

Deductions applied and payments made

 

 

(1,899

)

 

 

(400

)

 

 

(523

)

 

 

(2,822

)

Ending balance at September 30, 2020

 

$

796

 

 

$

350

 

 

$

569

 

 

$

1,715